Plunge Protection Team

I’ve enjoyed Kevin Phillips because there’s facts in his writings. Kevin Phillips says, “[Paul] Volcker is regarded as one of the last honest men in U.S. finance.”

Paul Volker says about the turmoil over the last couple of years, “To meet the challenge the Federal Reserve judged it necessary to take actions that extend to the very edge of its lawful and implied powers, transcending certain long-embedded central banking principles and practices.”

And we’re thinking Bush Arrogance is limited to war and tiny allies. Some are saying this Administration has secretly sold half of Fort Knox already. [odd story link]